RipRyness's weblog
I love CFL because we are blind to party affiliation. Rep. Alan Grayson is a perfect example of the kind of leadership we need in this country and I'm proud to say I'm a big fan of his views on this economic crises. Here's hoping the Republicans are wrong in thinking he will be an easy target in 2010.
Here is a great article on him in The New Repulbic.
Categories: Revolution
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Showing comments 1—3 of 3
Posted 09/23/09
Remember Gadsden
Stillwater, NJ | His pressure on the FED is very responsible but don't forget, Grayson voted for the biggest tax hike in the history of mankind.... CAP AND TRADE. Not so responsible.
I say vote him, and all incumbents, out!
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Posted 10/01/09
RipRyness
Rapid City, SD | Not a big fan anymore with his stance on Obamacare. To bad he seemed like a good one for a while. |
Posted 10/30/09
TracySaboe
Sioux Falls, SD | Hey Rip,
We need to talk sometime.
Tracy |
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Federal District Judge Jed S. Rakoff should be admired by all who value liberty and rule of law. The case is question is one of the SEC v Bank of America.
From the article:
"The SEC and Bank of America had sought the judge's approval of a consent decree to resolve charges that the bank concealed an agreement to pay up to $5.8 billion in bonuses to Merrill executives."
....
"In effect, Judge Rakoff found, the settlement would force the victims of the alleged misstatements--Bank of America shareholders--to pay an additional $33 million."
"It does not comport with the most elementary notions of justice and morality, in that it proposes that the shareholders who were the victims of the bank's alleged misconduct now pay the penalty for that misconduct," the judge wrote.
But the money quote was left out of the article (thanks to zerohedge for posting it)
"The proposed settlement suggests a rather cynical relationship between the parties: the S.E.C. gets to claim that it is exposing wrongdoing on the part of the Bank of America in a high-profile merger; the bank’s management gets to claim that they have been coerced into an onerous settlement by overzealous regulators. And all this is done at the expense, not only of the shareholders, but also of the truth."
Maybe we need to audit the SEC as well. Or perhaps purge is a better term.
Categories: Law, Ethics, Economy
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Bob Mercer, a long time reporter in South Dakota, writes today, that two coal power plant projects, on track before Obama's election, are now likely dead. He states, "Both [project's demise] can be directly attributed to the nation’s election of Barack Obama last November."
He goes on to say, "President Obama has sent a clear no-coal message that has been heard loud and clear throughout the utility world.'
So there you have it. They do not need Cap & Trade to raise energy prices on the folks here in South Dakota and likely everywhere else in the country.
Categories: Executive Power
Tags: energy
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Posted by RipRyness on 09/11/09Last updated 09/11/09
If you've never read Karl Denninger please make his blog a part of your daily reading. Generally he discusses the economy. I like to think of him a blue collar Economist, no PhD, but seasoned as a business man and investor.
A few days ago he updated his ideas on improving health care in this country. Those ideas center around increasing competition, price disclosure for medical goods & services, insurance reform, and of course tort reform.
Check it out!
Categories: Health Freedom
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